WHL: WOOLWORTHS HOLDINGS LIMITED - Dealing in securities by Share Scheme, Directors, Directors of a major subsidiary and the Group Company Secretary |
WHL: WOOLWORTHS HOLDINGS LIMITED - Dealing in securities by Share Scheme, Directors, Directors of a major subsidiary and the Group Company Secretary Dealing in securities by Share Scheme, Directors, Directors of a major subsidiary and the Group Company Secretary Woolworths Holdings Limited (Incorporated in the Republic of South Africa) Registration number 1929/001986/06 Share code: WHL ISIN: ZAE000063863 Bond company code: WHLI ('WHL' or the 'Company' or 'the Group') DEALING IN SECURITIES BY SHARE SCHEME, DIRECTORS, DIRECTORS OF A MAJOR SUBSIDIARY AND THE GROUP COMPANY SECRETARY In compliance with the JSE Limited Listings Requirements, the following information is disclosed: 1. DEALINGS IN SECURITIES BY A SHARE INCENTIVE SCHEME Nature of transaction : On-market sale of shares in terms of the Company´s Retention Share Plan ('RSP') Class of securities : Ordinary shares Date of transaction : 31 August 2018 Number of shares : 194 237 Volume weighted average sale price : R53.0975 Highest sale price : R54.2500 Lowest sale price : R52.5000 Total value of transaction : R 10 313 499.11 Nature of interest : Indirect non-beneficial (sold on behalf of participants) Clearance obtained : Yes Nature of transaction : On-market purchase of shares in terms of the Company´s RSP Class of securities : Ordinary shares Date of transaction : 31 August 2018 Number of shares : 2 400 000 Volume weighted average purchase price : R53.9733 Highest purchase price : R55.0700 Lowest purchase price : R52.1300 Total value of transaction : R129 535 920.00 Date of transaction : 3 September 2018 Number of shares : 1 748 589 Volume weighted average purchase price : R54.6497 Highest purchase price : R55.5000 Lowest purchase price : R53.4500 Total value of transaction : R95 559 864.27 Nature of interest : Indirect non-beneficial (purchased on behalf of participants) Clearance obtained : Yes #The volume weighted average purchase price traded over the two days in terms of the Company´s RSP = R54.2584. 2. ACCEPTANCE OF ALLOCATIONS The following annual allocations of conditional shares have been awarded to and accepted off-market by directors of the Company, the director and company secretary of David Jones Proprietary Limited ('DJ'), a major subsidiary of the Company, and the Group Company Secretary on 3 September 2018, in accordance with the Group´s Remuneration Policy. Vesting, which occurs after three years, is subject to the achievement of certain performance conditions. Ian Moir, Group CEO, does not receive awards under the Performance Share Plan ('PSP') but is entitled to an annual allocation under the RSP which is subject to performance conditions: Directors of WHL Scheme Number of shares Grant price Transaction value Ian Moir RSP 525 265 #As detailed in 1. R 28 500 036.31 Zyda Rylands PSP 157 566 R51.09* R 8 050 000.00 Sam Ngumeni PSP 131 680 R51.09* R 6 727 500.00 Reeza Isaacs PSP 115 248 R51.09* R 5 888 000.00 Director & Company Secretary of DJ Matthew Fitzgerald PSP 38 577 R51.09* R 1 970 870.00 Group Company Secretary Chantel Reddiar PSP 52 451 R51.09* R 2 679 680.00 Grants have also been awarded at the discretion of the Remuneration Committee in order to retain and motivate employees who are key to the delivery of the Group´s long-term strategy. Vesting, which occurs over a period of five years, in tranches, is subject to the achievement of certain performance conditions. The following awards have been accepted off-market on 3 September 2018: Directors of WHL Scheme Number of shares Grant price Transaction value Zyda Rylands RSP 445 093 #As detailed in 1. R24 150 032.19 Sam Ngumeni RSP 371 971 #As detailed in 1. R20 182 549.77 Reeza Isaacs RSP 217 036 #As detailed in 1. R11 776 025.21 Group Company Secretary Chantel Reddiar RSP 125 032 #As detailed in 1. R 6 784 035.75 Clearance has been received in respect of the above transactions. All interests are direct and beneficial. * Representing the five-day volume weighted average traded price of the Company´s shares. 3. EXERCISE OF SHARE APPRECIATION RIGHTS ('SARS') Director : Ian Moir Nature of transaction : Off-market exercise of SARS Class of securities : SARS in respect of ordinary shares Date of allocation : August 2011 Allocation price : R27.8900 Number of SARS exercised : 87 468 Date of exercise : 4 September 2018 Exercise price : R51.1362 Appreciation in share price : R23.2462 Total value of transaction : R2 033 298.62 Number of shares received : 39 763 Nature of interest : Direct beneficial Clearance obtained : Yes Cape Town 5 September 2018 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 05/09/2018 05:00:00 Produced by the JSE SENS Department. 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2018-09-05 17:00:00 Source: JSE News Service (SENS) |
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Woolworths Holdings Ltd. published this content on 05 September 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 05 September 2018 15:06:03 UTC